After President Vladimir
Putin signs it into law, Russians will be able to bring their
undeclared capital back from abroad without any criminal,
administrative and tax penalties. It only applies to violations
that took place before January 1, 2015, RIA reports.

Andrey Makarov, the head of the budget and taxes committee at the
State Duma, said the new legislation is a chance to “turn the
offshore page of the economy and start living from scratch not
thinking that either racketeers or law enforcement will come
after you.”